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by Specie33 1968 days ago
I believe this whole GME and AMC deal was perpetrated by the owners of those companies debt and pushed through by people who owned a mouthpiece on WSB and other platforms. Way too many coincidences. Everyone left that has been trading stocks for 2 days will be holding the bag on this and will be left with nothing as Blackrock and Burry and others have already liquidated their positions. Two basically bankrupt companies that owed debt suddenly funded/bailed out by autists? 600 mil in debt repaid by selling stock on AMC? Anyone else think like this?
1 comments

Not what is happening at all.

GME was trading below net cash last year, which is insane. E-commerce is growing 300% YoY and Ryan Cohen, former founder and CEO of Chew, just made a major move as an activist investor. If GME was valued by VC measures, it would be trading at $420. Most of the people on WSB believe in the value of the company and have faith in a successful turnaround.